Brightcove (NASDAQ:BCOV) Coverage Initiated at StockNews.com

Research analysts at StockNews.com began coverage on shares of Brightcove (NASDAQ:BCOV) in a note issued to investors on Tuesday. The firm set a “buy” rating on the software maker’s stock.

Brightcove Price Performance

Shares of NASDAQ BCOV opened at $4.45 on Tuesday. The company has a market capitalization of $202.12 million, a P/E ratio of -21.19 and a beta of 1.01. The company has a 50 day simple moving average of $4.45 and a 200-day simple moving average of $3.70. Brightcove has a 1 year low of $1.55 and a 1 year high of $4.46.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BCOV. Squarepoint Ops LLC purchased a new stake in shares of Brightcove in the 4th quarter valued at approximately $1,078,000. Two Sigma Advisers LP raised its position in Brightcove by 26.7% in the fourth quarter. Two Sigma Advisers LP now owns 348,200 shares of the software maker’s stock valued at $1,515,000 after purchasing an additional 73,400 shares during the period. Two Sigma Investments LP raised its position in Brightcove by 21.0% in the fourth quarter. Two Sigma Investments LP now owns 418,479 shares of the software maker’s stock valued at $1,820,000 after purchasing an additional 72,496 shares during the period. Occudo Quantitative Strategies LP lifted its stake in Brightcove by 20.1% during the fourth quarter. Occudo Quantitative Strategies LP now owns 25,179 shares of the software maker’s stock worth $110,000 after purchasing an additional 4,220 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Brightcove during the fourth quarter worth $1,251,000. Hedge funds and other institutional investors own 80.12% of the company’s stock.

Brightcove Company Profile

Brightcove Inc provides cloud-based streaming services the Americas, Europe, the Asia Pacific, Japan, India, and the Middle East. It offers Video Cloud, an online video streaming platform that enables its customers to publish, deliver, and distribute high-quality video to internet-connected devices. The company’s solutions and products comprise Brightcove Marketing Studio, a video streaming solution; Brightcove Communications Studio for marketers and corporate communications professionals; Brightcove Media Studio, a solution for over-the-top (OTT) video services, media publishers, and leading broadcasters to monetize their media, live stream at scale, and nurture their audience lifecycle; Brightcove Audience Insights, a customer data platform for video streaming businesses; Zencoder, a cloud-based video encoding service; and Brightcove Beacon, a platform that enables its customers to launch premium OTT video streaming experiences, as well as Brightcove Marketplace.